Literature DB >> 21958595

The holistic processing of price comparison: behavioral and electrophysiological evidences.

Bihua Cao1, Fuhong Li, Li Zhang, Yifeng Wang, Hong Li.   

Abstract

Although considerable studies have investigated the cognitive mechanism and the neural basis of number processing, it is unclear how numbers are represented in the practical context such as price comparison. In the present study, participants were asked to judge whether the target prices with different units (yuan, jiao, fen) were "higher or lower than 5 jiao" while event-related potentials were recorded. The behavioral results did not reveal a main effect of distance when distance was defined in terms of the digits of prices. However, a significant effect of distance was found when distance was defined in terms of the whole magnitude of prices. The electrophysiological results revealed similar distance effects (DE) during the 350-450 ms interval after stimulus onset, with an enhanced positivity for far distance than for close distance. These findings suggest that the digits and the units of prices are processed holistically rather than separately during a price comparison task.
Copyright © 2011 Elsevier B.V. All rights reserved.

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Year:  2011        PMID: 21958595     DOI: 10.1016/j.biopsycho.2011.09.005

Source DB:  PubMed          Journal:  Biol Psychol        ISSN: 0301-0511            Impact factor:   3.251


  2 in total

1.  The processing of price comparison is not holistic but componential.

Authors:  Pedro Macizo; Fernando Ojedo
Journal:  Psychol Res       Date:  2017-06-24

2.  Is the Discount Really Favorable? The Effect of Numeracy on Price Magnitude Judgment: Evidence From Electroencephalography.

Authors:  Bijuan Huang; Xiaoyu Liu; Yangyang Wang; Hongxia Li; Jiwei Si; Dawei Wang; Komal Afzal
Journal:  Front Neurosci       Date:  2022-06-13       Impact factor: 5.152

  2 in total

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